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Business Valuations and Knowing Your Numbers on Shark Tank

Business Valuations and Knowing Your Numbers on Shark Tank

First up on the Shark was Nick Romero of The Ave.  Nick Romero was asking $125,000 for 15% equity ($833,333 Valuation) for The Ave, which is a concept that is operated out of a retail location in Venice California.  The Ave offers customers the ability to customize apparel.  In the segment, customized shoes were highlighted, which required a special platen that Nick Romero had a patent pending for at the time of taping.  Being that the … Read entire article »

Filed under: Business Tips

Q&A with Melissa Kiernan of Last Lid as Seen on ABC’s Shark Tank

Q&A with Melissa Kiernan of Last Lid as Seen on ABC’s Shark Tank

Melissa Kiernan of Last Lid was Kind enough to take some time to answer questions about their experience on The Shark Tank Set, and how it has affected their business since the experience. Just Elementary: How long did it take to finalize an arrangement with Daymond John in writing? Last Lid: When we got back from shooting we heard from Daymond personally about a month after. Our agreement was finalized 3 months later. Just Elementary: Was there a lot of back … Read entire article »

Filed under: Business Tips

Each Percentage Counts for More than it sounds like – Shark Tank Business Valuation Lessons

Each Percentage Counts for More than it sounds like – Shark Tank Business Valuation Lessons

Third up on the Shark Tank was Gary DeJohn of Vinamor Wine Aerator.  Gary DeJohn was asking for $75,000 in exchange for 30% equity ($250,000 Valuation).  At the time of taping Gary DeJohn had sold approximately 1,000 unit.  The Vinamor Wine Aerator is a great wine aerating product that can be conveniently used in restaurants to quickly aerate a newly opened bottle of wine, which increases the customers’ enjoyment of the wine.  This is a win-win … Read entire article »

Filed under: Business Tips, Business Valuation

Shark Tank Business Lessons

Shark Tank Business Lessons

First up in the Shark Tank was the Profender by Tony Devine, who was asking for $75,000 in exchange for 15% equity (Which is a $500,000 Valuation).  The Profender is a basketball training tool to help shooters simulate game situations where a defender is closing out on them to contest the shot.  The way this is currently done in most training situation is by having assistant coaches use brooms to extend their reach while basketball players … Read entire article »

Filed under: Business Tips

Rent A Grandma Franchise Question and Answer with Todd Pliss

Rent A Grandma Franchise Question and Answer with Todd Pliss

Todd Pliss, the Franchisor of Rent A Grandma was kind enough to answer some question about the business just before the episode of Shark Tank featuring him and his business was due to air on ABC. Just Elementary: Rent A Grandma has been written up in articles from the Christian Science Monitor, ABC News, Entrepreneur Magazine, Hispanic Business, to NPR. How has the publicity from them benefitted the business? Were there any surprises to people’s reactions from those … Read entire article »

Filed under: Franchises

Why Business Valuations are not as simple as One Formula Fits all

Why Business Valuations are not as simple as One Formula Fits all

Dallas Robinson and Mike Buonomo of Kisstix were the first pair up on Shark Tank.  They were on the show to pitch their product which is a mix and match lip balm that creates a fun tingly flavor experience for kissing couples. Dallas Robinson and Mike Buonomo were asking for a $1,000,000 valuation for Kisstix by offering 20% equity for $200,000. Given that Gross Revenues were about $80,000 Kevin O’Leary asked how Dallas Robinson and Mike Buonomo  came up with their … Read entire article »

Filed under: Business Tips, Business Valuation